There was a brief push above 1.38% overnight but ultimately, the daily resistance in the form of the double-top from the August highs kept any upside momentum in-check.
As such, that will once again be a key focus in the sessions ahead in case bond sellers start to make a play to go in search of a technical breakout in yields.
In turn, expect that to have more significant reverberations for other asset classes. For FX, that likely will translate to a firmer dollar with USD/JPY in particular one to watch.
Looking ahead later today, there is the 10-year note auction coming up and that will be a key risk event to take note of considering the technical predicament pointed out above.